Sunfonda Group Holdings Ltd. has announced a major transaction involving the disposal of a target company. The company, which is an investment holding entity engaged in the sale and service of motor vehicles in the PRC, has secured approval from its shareholders for the Equity Transfer Agreement under Rule 14.44 of the Listing Rules. As a result, no shareholders' meeting will be held to further approve the transactions under the agreement. This transaction marks a significant step for Sunfonda Group Holdings Ltd. as it continues to strategically manage its business operations.
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